If you have lost a loved one due to a wrongful death in Santa Monica, you will presumably be filing a lawsuit. It is likely that you were depending on the deceased person’s income to survive. Fortunately, the loss of future earnings can be included when seeking compensation through a lawsuit.
It is not uncommon for those who are filing a lawsuit to ask how compensation for future earnings are calculated. When determining future earnings, the court will factor in:
- Current pay – The first thing to determine when figuring the compensation for future earnings is to establish what the decedent’s current pay was. This will be the main factor when determining the total.
- Remaining years – The court will take the age of the decedent and determine how many working years the victim likely had left. This number is multiplied by the current pay to determine an amount.
- Retirement – The amount that the victim would have had in retirement is also figured into the future earnings compensation. A life expectancy chart and the current pay is used to calculate the amount to be paid.
Although it may be hard for you to think about a lawsuit during your time of grief, it is important to seek the compensation you are due in a timely manner. To get the compensation you deserve, you will need the help of a Santa Monica wrongful death attorney at Steinberg. Call 800-989-6385 today to schedule a free legal consultation. Our compassionate and knowledgeable team will work diligently on your behalf.